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12 Sep

Monday September 12, 2011

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We’re about a week, maybe two from launching the new site, however the new chat should be functional this week sometime. The new chat, as I’ve explained will be a free chat, however, existing users to the daytrade stock picks newsletter will have access to a private room and an instant messenger download should they choose to use it. Details to follow.

Futures are getting hammered this morning as Asia got crushed overnight and Europe is taking its lumps right now. This means I’m short biased today and not going to try and guess bottom. I do have some longs which I may cut losses on, it’ll be be a game time decision though.

AAGC long is working out well so far. We’ve confirmed a budget of over $1m based on known disclaimers so my goal is $3-$5k profit on that trade, right now up $1,200.

AOL I picked up as a swing again on Friday to try and catch the forever rumored merger between them and Yahoo.

CNTF is a China play I like swing to long with good risk reward. I’m in right around support so the stop is recent price action and the upside is quite a bit as seen on the the chart.

EVGI I’m thinking might be the BestDamnPennyStocks pick which would be awesome, however, I’m not counting on it.

LOCM was an ascending triangle breakout play that failed to breakout Friday. I held only because it wasn’t hurting me so I figured I’d give it a second day.

STM is my long term play, it’ll run with the overall  market which is why it’s down. I’ll be looking to add to my position because that’s how I trade my longs. If I think it’s a good stock, that will go higher then I buy more lower and wait because like I said, it’s a long term play.

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